Nvidia (NVDA) reports earnings tomorrow Thursday May 12th after the bell.
Subscribe at http://bity.ly/TwinsTalkStocks
Nvidia has beaten earnings estimates the past 8 quarters.
It’s beaten earnings per share (EPS) estimates by an average of 48.4% the past 8 quarters.
Technically, the stock is strong.
It’s trading above the 50 day and 200 day moving average.
Nvidia is up 75% the past 12 months.
It’s up 40% since Facebook (FB) released its 1st Oculus Virtual Reality headset.
Nvidia makes graphic chips for the laptops that work with the Oculus Rift gear.
It also makes the chips that power the infotainment displays in the Tesla (TSLA) Model S.
If you watch our video that we filmed at Tesla, you can see our Twins Talk Stocks You Tube channel on the infotainment display.
It’s very cool.
You gotta check it out!
Nvidia is behind some of the systems that will power self-driving cars.
Even though the PC markets has matured.
Nvidia is at the forefront of the some growing and exciting industries.
Like virtual reality and hardcore gaming.
And automotives like Tesla’s infotainment centers.
We predict another strong quarter for Nvidia.
Don’t be surprised if it hits $40 this week after reporting earnings.
It closed today at $36.06.
Thanks for watching our video.
Please subscribe to our channel.